Luna Innovations Inc. (NASDAQ: LUNA) has acquired certain intellectual property assets belonging to Tego Biosciences. Tego is the company's main competitor in the development of medicines based on carbon nanomaterials. Tego Biosciences, Inc. is a 100% owned subsidiary of Arrowhead Research Corporation (NASDAQ: ARWR). The acquisition provided Luna with a dominant intellectual property portfolio in carbon nanomaterial based pharmaceuticals.
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About Luna Innovations & Luna nanoWorks:
Luna Innovations Incorporated (www.lunainnovations.com) develops and manufactures new-generation products for the healthcare, telecommunications, energy and defense markets. Our products are used to measure, monitor, protect and improve critical processes in the markets we serve. nanoWorks is a division of Luna Innovations housed in a world-class nanomaterial manufacturing facility in Danville, VA, where scientists are developing pharmaceutical products empowered by nanomaterials with applications in diagnostics and therapeutics.
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